The British Premier bowed, as if inviting farther particulars.

"Well, O-HANG-HIT and I have settled everything," continued the
Visitor; "he takes the Isle of Wight, while I assume the Protectorate
of Scotland, India, and the Channel Islands."

"What!" exclaimed the British Premier, aghast at the information. "And
what if we resist?"

"Resist!" laughed the New Zealander, "Why that would cost a halfpenny
in the pound more Income Tax, and your rate-payers would never submit
to that! Besides, our disease-spreading torpedoes (to which our own
people are acclimatised) would soon silence opposition!"

"Very true," returned the British Premier, sorrowfully, "very true,
indeed. Well, and what next?"

"Then O-HANG-HIT has a monopoly of English Beer, and we consent to the
cession of Gibraltar to DUNT-KAR-ACUSSER. The simplest thing in the
world!"

"But where do I come in?" asked the Briton.

"Oh, _you_ don't come in at all. But don't be alarmed, we are only
contributing our quota to the glorious cause of Peace!" And the
Intelligent Foreigner showed the British Premier a report of a speech
made by Lord SALISBURY, at the Mansion House, on August 6, 1890.

* * * * *